Call reports 2010
WEST POINT BANK — 2010
What WEST POINT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 125,450,000 | 125,643,000 | 129,944,000 | 128,847,000 |
| Total loans | 66,552,000 | 66,169,000 | 66,476,000 | 68,563,000 |
| Allowance for loan losses | 514,000 | 532,000 | 564,000 | 595,000 |
| Securities available for sale | 37,696,000 | 37,171,000 | 39,019,000 | 40,085,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,207,000 | 71,212,000 | 72,667,000 | 71,207,000 |
| Interest-bearing deposits | 54,760,000 | 53,820,000 | 55,762,000 | 56,510,000 |
| Noninterest-bearing deposits | 16,447,000 | 17,392,000 | 16,905,000 | 14,697,000 |
| Equity capital | 13,541,000 | 13,981,000 | 14,085,000 | 14,436,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,402,000 | 2,904,000 | 4,404,000 | 5,807,000 |
| Interest expense | 250,000 | 468,000 | 702,000 | 929,000 |
| Net interest income | 1,152,000 | 2,436,000 | 3,702,000 | 4,878,000 |
| Noninterest income | 73,000 | 107,000 | 176,000 | 283,000 |
| Noninterest expense | 701,000 | 1,389,000 | 2,088,000 | 2,872,000 |
| Provision for loan losses | 20,000 | 66,000 | 453,000 | 592,000 |
| Pretax income | 504,000 | 1,088,000 | 1,337,000 | 1,697,000 |
| Income tax | 174,000 | 369,000 | 447,000 | 604,000 |
| Net income | 330,000 | 719,000 | 890,000 | 1,093,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,272,000 | 13,665,000 | 13,841,000 | 14,048,000 |
| Total capital | 13,786,000 | 14,197,000 | 14,405,000 | 14,643,000 |
| Risk-weighted assets | 55,386,000 | 54,557,000 | 54,640,000 | 55,412,000 |